PolyMet Mining (TSX:POM) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is PolyMet Mining Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PolyMet Mining's Revenue for the three months ended in Jun. 2023 was C$0.00 Mil. PolyMet Mining's average Accounts Receivable for the three months ended in Jun. 2023 was C$0.93 Mil.

PolyMet Mining Receivables Turnover Historical Data

The historical data trend for PolyMet Mining's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PolyMet Mining Receivables Turnover Chart

PolyMet Mining Annual Data

Trend

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Receivables Turnover

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PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
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Competitive Comparison of PolyMet Mining's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, PolyMet Mining's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PolyMet Mining's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PolyMet Mining's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PolyMet Mining's Receivables Turnover falls into.

PolyMet Mining Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PolyMet Mining's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0	/ (	(0.438	+	0.462)	/	2 )
=	0	/	0.45
=	N/A

PolyMet Mining's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(1.435	+	0.434)	/	2 )
=	0	/	0.9345
=	N/A

PolyMet Mining (TSX:POM) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

PolyMet Mining Receivables Turnover Related Terms

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PolyMet Mining (TSX:POM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (TSX:POM) » Definitions » Receivables Turnover

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Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.